What is the estimated range for furniture, fixtures, and equipment for a Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
NITIAL INVESTMENT
| Type of expenditure | An | ount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $30,000 | - | $30,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent, Utilities, and | $0 | - | $ |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the estimated initial investment for furniture, fixtures, and equipment ranges from $100 to $500. This relatively low range suggests that the Bombs Away franchise model may not require a significant investment in these items, possibly because it is designed to be home-based, as noted in the FDD.
The franchisee will need to pay for these items as they are incurred, using methods such as check, debit, or credit. These payments are made directly to the vendors and suppliers providing the furniture, fixtures, and equipment. It is important for prospective franchisees to obtain detailed quotes from suppliers to understand the specific costs associated with these items, as the range provided is quite broad.
Given the wide range, it would be prudent for potential Bombs Away franchisees to inquire with the franchisor about what specific furniture, fixtures, and equipment are necessary to start the business. Understanding these requirements will help in budgeting accurately and avoiding unexpected costs. This is particularly important as the initial investment can vary significantly based on the franchisee's choices and existing resources.